More details emerged on Monday about plans to takeover ABN Amro by a consortium of three banks, after the Dutch financial services watchdog AFM intervened.

The AFM ordered the publication of correspondence between the consortium and ABN Amro to avoid insider trading allegations, arguing it was no longer possible to guarantee the documents remained confidential.
Apart from setting out how the three banks plan to carve up the ABN Amro group between them – most of which is already known – the letters also give more details about how the consortium would finance its €72bn offer. It plans to raise some €50bn on the financial markets – the rest will be in the form of Royal Bank of Scotland shares.
In one letter the consortium states that it has been approached by several financial services groups about the financing. ‘This includes several who are advising you,’ the letter states. Lehman Bros, Rothschild and UBS are advising ABN Amro on its preferred deal with Barclays, ANP reports.